Oklahoma— Property Tax & Closing Costs
2024 Census dataEffective tax rate
0.55%
of assessed value annually
Median home value
$164,500
2024 ACS survey
Median taxes paid
$903/yr
2024 data
Marshall County's 0.55% effective property tax rate ranks 679th lowest among the 3,134 US counties tracked, placing it in the bottom 25% lowest nationally. Within Oklahoma's 77 counties, it's the 21st lowest. On the county's median home value of $164,500, the typical homeowner pays $903 annually in property tax — $726 less than the national median of $1,629. At closing, Oklahoma's 0.15% combined real estate transfer tax adds roughly $247 on a median-priced home, typically paid by the seller.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Marshall County.
County median: $164,500
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
Low flood risk. Flood insurance not typically required. Verify at msc.fema.gov for your specific property.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
Oklahoma property tax exemptions
Ways buyers in Marshall County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
Homestead Exemption
Oklahoma exempts $1,000 of assessed value (equivalent to $10,000 fair cash value) on a primary residence owned and occupied as of January 1.
View official source →Senior Valuation Limitation (Senior Freeze)
Homeowners 65+ with 2026 gross household income up to the HUD qualifying level for their county (up to ~$99,000) can freeze the fair cash value of their homestead.
View official source →100% Disabled Veteran Exemption
Veterans with 100% service-connected permanent disability (and surviving spouses) are exempt from property tax on the full fair cash value of their homestead.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Marshall County.
The effective property tax rate in Marshall County is 0.55% — calculated as the median annual property tax paid ($903) divided by the median home value ($164,500), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
Oklahoma's combined real estate transfer tax is approximately 0.15% of the purchase price. On the median Marshall County home value of $164,500, this adds roughly $247 at closing. $0.75/$500 (0.15%) Documentary Stamp Tax, seller-paid by custom (negotiable).
Flood risk is relatively low. Only 3.0% of Marshall County's land falls within a FEMA Special Flood Hazard Area. Flood insurance is not typically required, though individual properties near waterways may still be in a zone — verify at msc.fema.gov.
Closing costs for a buyer in Marshall County typically run $3,290–$8,225 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Marshall County
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 0.55% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Marshall County.
Guides for Oklahoma home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →